Xiangyang Automobile (China) Market Value
| 000678 Stock | 6.65 0.12 1.84% |
| Symbol | Xiangyang |
Xiangyang Automobile 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Xiangyang Automobile's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Xiangyang Automobile.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Xiangyang Automobile on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Xiangyang Automobile Bearing or generate 0.0% return on investment in Xiangyang Automobile over 30 days. Xiangyang Automobile is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. Xiangyang Automobile is entity of China. It is traded as Stock on SHE exchange. More
Xiangyang Automobile Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Xiangyang Automobile's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Xiangyang Automobile Bearing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.1617 | |||
| Maximum Drawdown | 19.95 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 9.94 |
Xiangyang Automobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiangyang Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiangyang Automobile's standard deviation. In reality, there are many statistical measures that can use Xiangyang Automobile historical prices to predict the future Xiangyang Automobile's volatility.| Risk Adjusted Performance | 0.1423 | |||
| Jensen Alpha | 0.7173 | |||
| Total Risk Alpha | 0.5822 | |||
| Sortino Ratio | 0.1842 | |||
| Treynor Ratio | (0.87) |
Xiangyang Automobile Backtested Returns
Xiangyang Automobile appears to be moderately volatile, given 3 months investment horizon. Xiangyang Automobile shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. By examining Xiangyang Automobile's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Xiangyang Automobile's Downside Deviation of 3.68, mean deviation of 3.23, and Market Risk Adjusted Performance of (0.86) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Xiangyang Automobile holds a performance score of 10. The firm maintains a market beta of -0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Xiangyang Automobile are expected to decrease at a much lower rate. During the bear market, Xiangyang Automobile is likely to outperform the market. Please check Xiangyang Automobile's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Xiangyang Automobile's historical returns will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Xiangyang Automobile Bearing has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Xiangyang Automobile time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Xiangyang Automobile price movement. The serial correlation of -0.8 indicates that around 80.0% of current Xiangyang Automobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Xiangyang Automobile lagged returns against current returns
Autocorrelation, which is Xiangyang Automobile stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Xiangyang Automobile's stock expected returns. We can calculate the autocorrelation of Xiangyang Automobile returns to help us make a trade decision. For example, suppose you find that Xiangyang Automobile has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Xiangyang Automobile regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Xiangyang Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiangyang Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiangyang Automobile stock over time.
Current vs Lagged Prices |
| Timeline |
Xiangyang Automobile Lagged Returns
When evaluating Xiangyang Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiangyang Automobile stock have on its future price. Xiangyang Automobile autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Xiangyang Automobile autocorrelation shows the relationship between Xiangyang Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in Xiangyang Automobile Bearing.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Xiangyang Stock
Xiangyang Automobile financial ratios help investors to determine whether Xiangyang Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Xiangyang with respect to the benefits of owning Xiangyang Automobile security.